Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Sell GBP/CHF on rallies

  • Major support – 1.31845 (38.2 % retracement of 1.2955 and 1.33226).
     
  • GBP/CHF has shown a minor recovery after hitting low of 1.31845 on account Swiss franc weakness against all majors. The slight dip in GBP was due to uncertainty on Brexit negotiations. The EU’s chief Brexit negotiator said that deadline of 48 hours to wrap up draft deal for further progress in Brexit. The major issues affecting Berxit negotiations is border dividing Ireland from North Ireland.
     
  • The pair was facing strong resistance at 1.3330 and any convincing break above will take the pair to next level till 1.34290 (50% retracement of 1.4618 and 1.1783)/1.3560 (161.8% retracement of 1.33296 and 1.2955). Short term bullish invalidation only below 1.300.
     
  • On the lower side, near term support is around 1.3180 (38.2% retracement) and any break below will drag the pair to next level till 1.3135/1.3100/1.3030/1.3000. Overall bullish invalidation only below 1.29550.

It is good to sell on rallies around 1.3275-80 with SL around 1.3330 for the TP of 1.3180.  

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

July 18 12:30 UTC Released

USHouse Starts MM: Change

Actual

-12.3 %

Forecast

Previous

July 18 12:30 UTC Released

USHousing Starts Number MM

Actual

1.173 Mln

Forecast

Previous

January 31 00:00 UTC 242676242676m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 242676242676m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 254496254496m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 242676242676m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 254496254496m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 242676242676m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 242676242676m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 242676242676m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.